
The US economy is getting worse, started with the last Non Farm Payroll. So Just
Sell USDCAD at 1.2831
SL 1.2872
TP 1.2687
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The US economy is getting worse, started with the last Non Farm Payroll. So Just
Sell USDCAD at 1.2831
SL 1.2872
TP 1.2687
USDCAD confirm break its uptrend
buy USDCAD at 1.3082
SL 1.3042
TP 1.3160 (at least)
My entry Buy USDCAD at 1.2869
SL 1.2829
TP 1.3220
Sorry for giving late entry for this one.
Just support USD strength, then it will make you profit (Sell EURUSD, Sell GBPUSD, Buy USDCAD, Sell AUDUSD, Sell NZDUSD)
Leave a CommentUSD index has ended pointing down. It tried a few times to get stronger, but the fact is the USD is still weaken. Spotted reversal in last few days was not in place now.
So this week might be the USD. I support buy eurusd, buy audusd, buy nzdusd and sell usdcad.
Sell USDCAD at 1.3005
SL 1.3047
TP 1.2900
NZDUSD will also behave the same way.
Pending NZDUSD Buy if the price crossed the red line.
Forex Trading Strategies
Leave a CommentUSDCAD pending sell if the price can cross red trend line.
No trade yet, just waiting in H1 timeframe if it cross, then we will enter the trade.
Entry Buy at 1.3285 SL 1.3240. Since the SL is 45 pips, so whenever it reach 45 pips profit, you have to close half of the lot size, and let the remaining 50% go with the trend. Conservative target will be 1.3410
This is not a fibonacci entry, but this is based on 3 SMA on H1 timeframe
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Supporting USD weaknesses, We SELL USDCAD, using time frame H1,
We open 2 trades with half risk
SELL USDCAD EP 1.3095 SL 1.3127 TP 1.3066 (+/- 30 pips)
SELL USDCAD EP 1.3095 SL 1.3127 TP 1.3035 (+/- 60 pips)
Looking at weekly charts, it is showing that Potential Major Reversal may has taken place.
The currency NZUDUSD, AUDUSD, GBPUSD shows a bull pattern. USDCAD & USDJPY shows bearish started. EURUSD is still in correction, and soon Bull will win the race.
It is a time for USD weaknesses
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